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as inflation subsides Social Security beneficiaries are poised to see a lower benefit increase next year a new estimate points to a 2.5% cost of living adjustment or Cola in 2025 which would be closer to the average increase beneficiaries typically receive the Social Security Administration is expected to announce the official cost of living adjustment for 2025 next month Social Security benefici Aries have seen higher cost of living adjustments in recent years prompted by record high inflation yet next year's increase may not be as generous based on new government inflation data beneficiaries may see just a 2.5% increase to benefits in 2025 estimates Mary Johnson an independent Social Security and Medicare analyst